Barcelona announced on Thursday that it has reached an agreement with promising midfielder Pedri that will keep him at the club until 2026 and includes a release clause of one billion euros ($1.16 billion).
Pedri, 18, became one of Barcelona’s best players less than a year after joining the club in 2020 from second-tier Las Palmas for five million euros.
He made more 53 appearances in his first season than any other Barcelona player and helped the team win the King’s Cup. Pedri then played a prominent role in Spain’s march to the semi-finals of the European Championship 2020, becoming the youngest player for his country to participate in the finals of a major tournament, and was chosen by the European Union (UEFA) among the best squad for the tournament team and the best young player. He also helped Spain win silver at the Olympic Games.
Pedri will sign the new contract on Friday with President Joan Laporta, before a press conference between them.